Nan Shan Life Insurance Co. Ltd. Reduces Position in CVS Health Corporation $CVS

Key Points

• Nan Shan Life Insurance reduced its CVS Health position by 45.6% in the second quarter, selling 187,485 shares and retaining 223,565 shares worth approximately $23.1 million. Institutional investors collectively own 80.66% of CVS stock.
• Analysts remain broadly bullish, with 22 Buy ratings and two Holds, producing a consensus “Moderate Buy” rating and an average price target of $107.17. Several firms recently raised their targets to between $110 and $126.
• CVS reported stronger-than-expected quarterly results, with earnings of $2.58 per share and revenue of $106.1 billion, up 7.3% year over year. The company also maintains a quarterly dividend of $0.665 per share, equivalent to a 2.7% annual yield.

Nan Shan Life Insurance Co. Ltd. cut its holdings in CVS Health Corporation (NYSE:CVS - Free Report) by 45.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,565 shares of the pharmacy operator's stock after selling 187,485 shares during the quarter. Nan Shan Life Insurance Co. Ltd.'s holdings in CVS Health were worth $23,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of CVS. BlackRock Inc. bought a new position in shares of CVS Health during the second quarter valued at approximately $12,747,462,000. State Street Corp raised its stake in CVS Health by 2.1% during the fourth quarter. State Street Corp now owns 60,183,743 shares of the pharmacy operator's stock valued at $4,776,182,000 after buying an additional 1,245,457 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of CVS Health by 49.8% during the second quarter. Wellington Management Group LLP now owns 33,801,113 shares of the pharmacy operator's stock valued at $3,496,725,000 after acquiring an additional 11,233,381 shares in the last quarter. Capital International Investors boosted its stake in CVS Health by 3.4% in the 4th quarter. Capital International Investors now owns 27,592,356 shares of the pharmacy operator's stock worth $2,189,793,000 after purchasing an additional 900,153 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of CVS Health by 148.0% in the second quarter. Bank of America Corp DE now owns 23,188,670 shares of the pharmacy operator's stock worth $2,398,868,000 after buying an additional 13,836,701 shares in the last quarter. 80.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Truist Financial raised their price target on shares of CVS Health from $108.00 to $118.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Royal Bank Of Canada increased their target price on CVS Health from $107.00 to $113.00 and gave the company an "outperform" rating in a research note on Thursday, July 9th. Bank of America lifted their price objective on CVS Health from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, June 22nd. Mizuho boosted their target price on CVS Health from $110.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, June 8th. Finally, UBS Group lifted their price target on shares of CVS Health from $122.00 to $126.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Twenty-two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, CVS Health currently has a consensus rating of "Moderate Buy" and an average target price of $107.17.

CVS Health Stock Up 3.7%

NYSE CVS opened at $97.36 on Wednesday. CVS Health Corporation has a 52 week low of $69.51 and a 52 week high of $110.68. The company has a quick ratio of 0.66, a current ratio of 0.87 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $124.52 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 0.92 and a beta of 0.59. The stock's 50-day moving average price is $101.18 and its 200-day moving average price is $89.82.

CVS Health (NYSE:CVS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The pharmacy operator reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.87 by $0.71. CVS Health had a net margin of 1.18% and a return on equity of 13.12%. The business had revenue of $106.10 billion during the quarter, compared to analyst estimates of $100.03 billion. During the same period in the prior year, the business posted $1.81 earnings per share. The company's revenue was up 7.3% on a year-over-year basis. CVS Health has set its FY 2026 guidance at 7.900-8.100 EPS. On average, equities research analysts predict that CVS Health Corporation will post 8.02 earnings per share for the current year.

CVS Health Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Thursday, July 23rd were paid a dividend of $0.665 per share. This represents a $2.66 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, July 23rd. CVS Health's dividend payout ratio (DPR) is 70.37%.

CVS Health Company Profile

CVS Health Corporation is a diversified healthcare company that operates a large network of retail pharmacies, pharmacy benefit management services and health care solutions. Headquartered in Woonsocket, Rhode Island, the company traces its roots to the early 1960s and has grown into an integrated provider of prescription drugs, over‑the‑counter products, clinical services and health insurance offerings. Its operating model combines retail pharmacy locations and in‑store clinics with broader pharmacy and health plan capabilities.

Key business activities include CVS Pharmacy retail operations, MinuteClinic walk‑in medical clinics and HealthHUB locations that offer expanded clinical services.

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